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Hyundai Motor Co. and Kia Corp. have unveiled a revolutionary blockchain-based Supplier CO2 Emission Monitoring System (SCEMS), using AI to boost supply chain sustainability. The automakers plan to offer this tool freely to subcontractors, prioritizing transparency and adherence to global environmental regulations.
This innovative solution harnesses the power of artificial intelligence and blockchain technology. Its primary objective is to assist partner companies in effectively overseeing global environmental regulations while prioritizing transparency and data integrity.
To simplify collecting and managing data for suppliers, SCEMS efficiently calculates emissions throughout supply chains. Hyundai and Kia proactively address climate change and promote sustainable supply chains by leveraging AI and blockchain technology.
By capturing and monitoring carbon footprints at every stage of the manufacturing process, this system empowers companies with enhanced oversight of their carbon reduction endeavors. Hyundai and Kia have successfully verified the high-performance blockchain technology, affirming its efficacy as a crucial tool for the prompt and secure collection of carbon emissions data.
Fueling the progress of the automotive industry's carbon emission reduction efforts, Hyundai and Kia provide suppliers with SCEMS (Supplier Carbon Emission Management Systems) at no cost. This initiative aims to support and promote sustainability across the industry. Through AI-powered data processing, partners can input their data into the system to generate comprehensive information on carbon emissions and future predictions.
The implementation of SCEMS is anticipated to alleviate suppliers from labor-intensive responsibilities and facilitate precise management of carbon emissions. Leveraging AI and a high-performance blockchain, the system enables business partners to effectively monitor and manage data and carbon emission levels, enhancing their environmental performance.
Showing their commitment to carbon neutrality, Hyundai and Kia joined the Carbon Disclosure Project's "CDP Supply Chain" program in February. They provided capacity-building training to partner companies facing challenges in their carbon reduction efforts as part of their involvement.
Hyundai and Kia are leading the way in environmental management, digital innovation, and industry collaboration by offering this blockchain-based solution and promoting sustainability throughout their supply chains.
Photo: Hyundai Motor Group/Unsplash
